Economic News

Andrew Foxwell, Mail on Sunday7 January 2007 Budget airline easyJet is emailing passengers who have already paid for flights asking for more money to cover airport taxes that do not come into effect until February 1. MORE CASH: EasyJet is emailing passengers asking for more money to cover the increased tax OTHER STORIES Insurers sell victims' details Britain must wait for EC energy cuts Market report: Friday close BA in £2.1bn pension gap deal Grade urged to a ...

The personal debt mountain is now more than £1.3 trillion while for the first time the amount of people going insolvent during the year will top 100,000.And the picture could get worse in 2007 as consumers continue to pay the price of chronic overspending in the first half of this decade, experts predict.But amid all the gloom, latest indicators show that attitudes to racking up credit card bills  ...

Simon Lambert, This is Money6 January 2007 Making predictions can be a dangerous game and if there's one topic that divides opinion it is the property market. BUYING AND SELLING: What will happen to house prices in 2007? Experts are agreed that they will rise, but not by how much WANT TO KNOW MORE? REPORT: Is this Britain's cheapest town? FLASHBACK: Will your home sell in 2006? OTHER STORIES Five-step mortgage makeover Surprise fall in house prices New on the  ...

LONDON (AFX) - The dollar remained sharply higher after US jobs data this afternoon came in well above expectations, with the euro falling below the 1.30 usd mark for the first time in six weeks. Official figures showed the US economy added 167,000 jobs in December, more than double what the market anticipated. On top of that, the figures showed upward revisions to back data for October and Novem ...

LONDON (AFX) - The Bank of England is expected to keep borrowing costs unchanged when it completes its latest rate-setting meeting on Thursday, Jan 11. All 37 economists polled by AFX News expect the Monetary Policy Committee to leave the key repo rate at the five-year high of 5.00 pct it was raised to at the beginning of November. "While the committee waits for evidence on the current pay  ...

WASHINGTON (AFX) - Employers stepped up hiring last month, boosting payrolls by a brisk 167,000 and keeping the unemployment rate steady at a still historically low 4.5 percent. Workers' wages grew briskly. The latest snapshot of the nation's employment climate, released Friday by the Labor Department, showed that the jobs market ended 2006 on a strong note and provided fresh evidence that th ...

LONDON (AFX) - European government bonds were slightly higher despite some robust euro zone economic news as investors remain concerned about this afternoon's US jobs report for December. Expectations about the strength of the report have receded in the wake of yesterday's equivalent survey from the ADP payrolls firm. Its forecast of a 40,000 drop has brought down the market's expectation for a  ...

NEW YORK (AFX) - Wall Street might get some direction Friday after the Labor Department releases its look into U.S. employment with the much anticipated non-farm payroll report. Economists expect 115,000 new jobs in December, with unemployment continuing to stand at about 4.5 percent. The number of new jobs added has averaged 138,000 during the past three months, and 150,000 in the past six month ...

Simon Moon, This is Money5 January 2007 Households will be able to calculate their own inflation rate thanks to a new online service from the Office for National Statistics. WE CAN WORK IT OUT: The Office for National Statistics has spent six months developing its new online inflation calculator OTHER STORIES Surprise fall in house prices Airlines slammed over emissions Market report: Friday latest BA under fire for lost luggage 'refunds' New airline to offer cheap f ...

Simon Lambert, This is Money5 January 2007 Signs the soaraway property market may be slowing have emerged after a surprise Halifax report that house prices fell for the first time in six months during December. SLIGHT DIP: House prices dipped in December but that failed to put a dent in almost double-digit inflation during 2006, said Halifax WANT TO KNOW MORE? TIPS: Five step mortgage makeover REPORT: Property boom set for 2007 DEAL FINDER: Search for a cheaper mortgage dea ...